1884-S Morgan Silver Dollar
The 1884-S Morgan silver dollar is a condition rarity, known for its scarcity in high Mint State grades. With a mintage of 3,200,000, many of these coins were circulated or melted under the Pittman Act of 1918. The finest known example of this coin, graded MS-68 by PCGS, has earned legendary status due to its exceptional preservation and beauty, making it one of the most valuable Morgan dollars ever discovered.
Historical context
The 1884-S Morgan dollar was minted at the San Francisco Mint during a time when the federal government faced a large surplus of silver dollars, leading many to be placed into circulation or stored in vaults. Most 1884-S Morgan dollars entered circulation, with few remaining in Mint State condition. During the early 20th century, some were melted down, and it wasn’t until the mid-20th century that surviving Mint State examples were recognized for their rarity. The few uncirculated examples that exist today command high premiums, with the finest known piece achieving legendary status in the numismatic world.
| Specifications | |
|---|---|
| Size | 38.1 millimeters |
| Denomination | 1 USD |
| Gross Weight | 26.73 grams |
| Actual Silver Weight | 0.7734 troy ounces of silver |
| Fineness/Composition | 90% silver, 10% copper |
| Diameter | 38.1 millimeters |
| Thickness | 2.4 millimeters |
| Specific Gravity | ~10.34 |
| Numismatic Price Range | $200 - $575000 |
Coin description
The obverse of the 1884-S Morgan dollar features a left-facing bust of Liberty, wearing a Phrygian cap adorned with cotton and wheat, symbolizing liberty and agriculture. The reverse showcases an eagle with outstretched wings, holding arrows and an olive branch. The "S" mintmark, representing the San Francisco Mint, is located below the eagle. The inscriptions include “E Pluribus Unum” on the obverse and “United States of America” and “In God We Trust” on the reverse.
Cultural and
numismatic significance
The 1884-S Morgan silver dollar holds a special place in numismatic history due to its rarity in high Mint State grades. While circulated examples are relatively common, Mint State coins—especially those graded MS-65 or higher—are extremely rare. The finest known 1884-S Morgan dollar, graded MS-68 by PCGS, is widely regarded as the pinnacle of Morgan dollar collecting, commanding immense interest and high prices at auctions. This coin’s unique history and connection to the San Francisco Mint make it a cornerstone of any serious Morgan dollar collection.
Numismatic value
Circulated examples of the 1884-S Morgan dollar can range in value from a few hundred to several thousand dollars, depending on the grade. However, in Mint State, especially in grades MS-65 and higher, values soar. The finest known example, graded MS-68 by PCGS, has achieved auction records well into six figures, with similar high-grade coins commanding similarly impressive sums. The auction record for an 1884-S Morgan dollar stands at $575,000.
Frequently Asked Questions
At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of your dimes, including their silver content (for pre-1965 dimes) and their numismatic value. We provide a detailed breakdown of how we determine your offer so that you can be fully informed and confident in the price you receive.
Yes, we provide full insurance coverage for your shipment. Whether you’re sending Draped Bust dimes, Mercury dimes, or Roosevelt dimes, your coins are insured throughout the entire shipping process, ensuring that your valuable items are protected and safe.
We buy all types of U.S. dimes, including Draped Bust, Liberty Seated, Barber, Mercury, and Roosevelt dimes, and other collectible dimes. Whether your dimes are valuable for their silver content or their collectibility, we’re interested in making you a competitive offer.
There’s no obligation to sell your dimes after receiving an appraisal from Coinfully. We provide a free, no-pressure appraisal service to help you understand the value of your coins. You can choose to sell when you’re ready, with no pressure from us.
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